Diff thread june 20 to july 4 -picks are closed!.... prize = $50 usd

[Kexkey]

"What does worry me is the ½ ing may not drop hashrate.
  I see 300 to 500 ph going offline,but  I think the spike could be that 300 to 500 ph. I really do hope  to see a 20%-30% "


I have the strangest feeling hashrate wont drop either...imo it will just keep going, and going, and going.  probably will stabilize at some point (end of the summer).  idk so many factors here, the halving, probably no new hardware for a little while, and imminent huge btc bubble in autumn


by the way that diff is getting close to my pick....GO DIFF GO

My bet is it will tripple very quickly.

Phil, you remember the spike at 2200 PH/s (+1000 PH/s in one day) on May 23rd?  Well, that was probably only one manufacturer (Bitmain?) testing their new gear.  Now when they (Bitmain, Bitfury, BW, even maybe KNC despite the bankrupt, who knows?) are going to go online after the halving, minus all the small ones unplugging their gear... I'm pretty sure hashrate will go up significantly.

But hey, that's only speculation...

NB: That's actually good news for Bitcoin security.

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[NeuroticFish]

The price jumped quite good too, so the hashrate may just go even higher. Unexpectedly higher....

[notlist3d]

Boy would be something to see it move over 1000.  Diff would truly jump.


we are at 704 usd

https://bitcoinwisdom.com/bitcoin/difficulty

Bitcoin Difficulty:   209,453,158,595

Estimated Next Difficulty:   215,645,748,461 (+2.96%)
Adjust time:   After 303 Blocks, About 2.0 days

Hashrate(?):   1,624,276,291 GH/s
Block Generation Time(?):   
1 block: 9.7 minutes
3 blocks: 28.9 minutes
6 blocks: 57.9 minutes
Updated:   19:50 (2.7 minutes ago)

I would love to keep seeing it go up.   To see 1K again would be amazing and great for miner's I personally think.   But still a way's from it.  But fun to think/dream about.

The interesting thing is with all the spike in price we might not see as much "old" gear drop off depending on electricity price and what the gear is.  Assuming they can mine profitable. 

[alh]

While I expect most of us would like to see a run at $1000/coin, that doesn't seem likely at the moment. For whatever the reason, Coindesk is showing BTC at about $659. Looks like too much "resistance" at the $700 level for now.

One the brighter side:

Bitcoin Difficulty:    209,453,158,595
Estimated Next Difficulty:    214,455,139,579 (+2.39%)
Adjust time:    After 183 Blocks, About 1.2 days
Hashrate(?):    1,565,965,686 GH/s
Block Generation Time(?):    
1 block: 9.6 minutes
3 blocks: 28.9 minutes
6 blocks: 57.8 minutes
   
Updated:    14:0 (4.3 minutes ago)

While my particular preference is for +2.75%, this is pretty good otherwise. 

[HagssFIN]

Damn I'm close at the moment, we'll see what's the final adjustment..

[RichBC]

So we are in the final day of the last full period before the halving. Period to date run rate with about 18 Hours to go is at +1.12% and means we will land somewhere between +1.0% & +1.75%.


Rich

[NeuroticFish]

The price jumped quite good too, so the hashrate may just go even higher. Unexpectedly higher....

Were at 700 on coinbase so fun to watch there.  There does appear to be some resistance at 700 suppose maybe some sell wall's.  But we fought through the 690's which was fun to watch.  In 24 hours going from high 670's to around 700 now is a good day.  If we can break through 700 a little way's will be a even better day.   

I would love to see over 700 as new base, but even 700 as new base is still exciting.  I still love coindesk to watch http://www.coindesk.com/price/ .  Compare multiple sites and easy to use.

I'd also like 700 as a new base, but 670 looks much more likely. The 700 value was helped by the week-end. 670 is not that bad either...
I'm very curious what will happen at / after halving. Did many keep their BTC for a dump, or will people keep their money and the market will behave just as nothing happened (hmm)?

[ATguy]

I'm very curious what will happen at / after halving. Did many keep their BTC for a dump, or will people keep their money and the market will behave just as nothing happened (hmm)?

When I read the halving threads I believe many just sell weeks after halving, and I dont expect higher price, probably even slightly lower price if people really going to sell after figuring out halving did not initiated the bubble to much higher Bitcoin prices.

[RichBC]

About a Dozen Blocks to go. I think we will see +1.9% or +2.0% Amazing that you could make a Pick now and be wrong..... 


Rich

[topiOleg]

all have a chance of some kind.

Few fast blocks and maybe my +3.0 prediction could hit, but not much hope. It seems we could end between +2.0 and +2.6 instead, not too bad from miners perspective

Bitcoin Difficulty:    209,453,158,595
Estimated Next Difficulty:    214,353,159,006 (+2.34%)
Adjust time:    After 8 Blocks, About 1.3 hours

[Kexkey]

Congrats generalt!

That was hard to predict! 

Next difficulty change will be after the halving! 

[generalt]

Awesome!  Thanks Phil and all.  The BTC address in my signature is fine!

[philipma1957]

Awesome!  Thanks Phil and all.  The BTC address in my signature is fine!

Sent via coinbase.


https://blockchain.info/tx/adbc511ecc2033da8ace8619240190ac608704f9d31c9056db00cc0d5a6b6cbd


Thread is locked.


new thread below:

https://bitcointalk.org/index.php?topic=1538811.0